Bimmerpost
3
/
4 Series
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
2019+ BMW 3 AND 4-SERIES FORUMS (G2x Generation) Ordering / Pricing / Order Tracking Forum Is this a good deal?

Post Reply
 
Thread Tools Search this Thread
      07-24-2019, 10:43 AM   #1
Prissy
Brigadier General
Prissy's Avatar
Taiwan
1064
Rep
4,856
Posts

Drives: M340i
Join Date: Sep 2008
Location: NY

iTrader: (6)

Garage List
2015 BMW F30  [5.50]
2020 M340I  [0.00]
2017 X3  [0.00]
2008 BMW E92  [9.00]
2010 BMW E92  [10.00]
Is this a good deal?

Hi, got quoted with $718/mo with no out of pocket. 36/mo lease. The MSRP is $62000. This is all the info I got for now... Is this a good deal? Thanks.
Appreciate 0
      07-24-2019, 11:17 AM   #2
Hysnbrg
Private
United_States
191
Rep
92
Posts

Drives: 2024 X3 30;2020 M340;2016 340
Join Date: May 2019
Location: PA

iTrader: (0)

Quote:
Originally Posted by Prissy View Post
Hi, got quoted with $718/mo with no out of pocket. 36/mo lease. The MSRP is $62000. This is all the info I got for now... Is this a good deal? Thanks.
Could you add some more detail:

- Do you have BMW loyalty?
- Is this a car on the lot or is it a custom order?
- What region are you in - What is the lease cash for your region? Some have $1000, others have $500.
- Do you qualify for education or military rebates?
- Is this a 10K mile a year Lease?
- Are you putting MSDs down?
- What is your lease tax rate?
- Is tax included on those numbers?
- Do you know the Money Factor they used?
- What is the selling price before incentives?
Appreciate 0
      07-24-2019, 12:36 PM   #3
Prissy
Brigadier General
Prissy's Avatar
Taiwan
1064
Rep
4,856
Posts

Drives: M340i
Join Date: Sep 2008
Location: NY

iTrader: (6)

Garage List
2015 BMW F30  [5.50]
2020 M340I  [0.00]
2017 X3  [0.00]
2008 BMW E92  [9.00]
2010 BMW E92  [10.00]
Quote:
Originally Posted by Hysnbrg View Post
Could you add some more detail:

- Do you have BMW loyalty?
- Is this a car on the lot or is it a custom order?
- What region are you in - What is the lease cash for your region? Some have $1000, others have $500.
- Do you qualify for education or military rebates?
- Is this a 10K mile a year Lease?
- Are you putting MSDs down?
- What is your lease tax rate?
- Is tax included on those numbers?
- Do you know the Money Factor they used?
- What is the selling price before incentives?
I would have to find out about those... But can't the monthly payment and MSRP decide if it's a good deal or not?
Appreciate 0
      07-24-2019, 12:58 PM   #4
Cabby
Captain
United_States
340
Rep
632
Posts

Drives: 2019 X740i
Join Date: May 2007
Location: JAX

iTrader: (0)

Garage List
2020 BMW M340xi  [0.00]
2019 BMW X7  [0.00]
Quote:
Originally Posted by Prissy View Post
I would have to find out about those... But can't the monthly payment and MSRP decide if it's a good deal or not?
Not really... and would it matter? Are you going to accept or deny the deal without knowing anything else, seems unlikely.
Appreciate 0
      07-24-2019, 01:01 PM   #5
joepimentel
Private
joepimentel's Avatar
76
Rep
67
Posts

Drives: 2020 M340i
Join Date: Jul 2013
Location: New York

iTrader: (0)

Quote:
Originally Posted by Prissy View Post
I would have to find out about those... But can't the monthly payment and MSRP decide if it's a good deal or not?
No, lease payments are determined from more than just monthly payments relative to the MSRP.

If you had horrible credit, didn’t put any additional security deposits down, didn’t put a down payment, you didn’t qualify for any special offers or credits, didn’t pay your taxes upfront, and/or you were asking for an allowance of 15,000 miles per year then $718 per month might be an amazing deal.

But if you have great credit, put multiple security deposits down, placed a down payment, you qualified for rebates / offers, prepaid all the taxes, and only wanted an allowance of 10,000 miles per year than $718 per month is a horrible deal.

These are the type of factors that matter in a lease payment. You can take a look on some of the threads here to see what type of deal people are getting based on these various factors.

And as an FYI, my MSRP is just over $63k and I’m paying $650 a month (including taxes, no money down). And a few others here managed to get even better deals than me. You can see my post history to find a post that includes all the other factors that applied to my deal.
Appreciate 1
Hysnbrg191.00
      07-24-2019, 01:17 PM   #6
Hysnbrg
Private
United_States
191
Rep
92
Posts

Drives: 2024 X3 30;2020 M340;2016 340
Join Date: May 2019
Location: PA

iTrader: (0)

Quote:
Originally Posted by Prissy View Post
Quote:
Originally Posted by Hysnbrg View Post
Could you add some more detail:

- Do you have BMW loyalty?
- Is this a car on the lot or is it a custom order?
- What region are you in - What is the lease cash for your region? Some have $1000, others have $500.
- Do you qualify for education or military rebates?
- Is this a 10K mile a year Lease?
- Are you putting MSDs down?
- What is your lease tax rate?
- Is tax included on those numbers?
- Do you know the Money Factor they used?
- What is the selling price before incentives?
I would have to find out about those... But can't the monthly payment and MSRP decide if it's a good deal or not?
For a $62K car, if I make some assumptions, a good number based on the deal I got for my car 2 weeks ago would come to $534/month before taxes with just first month and DMV fees due at signing.

The $534 number is also without using an OL code or student/military discount, any of which can reduce this number even more.

If this car was on the lot, you could possibly aim for $507/month with first month and DMV DAS.

So without knowing anything else, I would say this is not a great deal.

Here is the calculation I used: leasehackr.com/calculator?make=BMW&miles=10000&msd=7&msrp=62000&s ales_price=55490&months=36&mf=.00145&dp=0&dealer_f ee=0&acq_fee=925&taxed_inc=0&untaxed_inc=3000&reba te=366&resP=61&reg_fee=320&sales_tax=9&demo_mileag e=0&memo=&monthlyTax_radio=true

Here are the assumptions I made:
- You have BMW loyalty ($2K incentive)
- Your region has $1000 lease cash incentive
- You negotiated 10.5% pre incentives like I did
- You received base MF, and then reduced it to 0.00110 after 7 MSDs
- You are looking at 10K miles/year
- You are custom ordering a car and not picking one off the lot
- Your region charges sales tax only on the monthly and not on the complete price of the car

I think you can do better, but depending on other factors, your deal may be good.
Appreciate 0
      07-24-2019, 03:35 PM   #7
Prissy
Brigadier General
Prissy's Avatar
Taiwan
1064
Rep
4,856
Posts

Drives: M340i
Join Date: Sep 2008
Location: NY

iTrader: (6)

Garage List
2015 BMW F30  [5.50]
2020 M340I  [0.00]
2017 X3  [0.00]
2008 BMW E92  [9.00]
2010 BMW E92  [10.00]
Quote:
Originally Posted by Cabby View Post
Not really... and would it matter? Are you going to accept or deny the deal without knowing anything else, seems unlikely.
Quote:
Originally Posted by joepimentel View Post
No, lease payments are determined from more than just monthly payments relative to the MSRP.

If you had horrible credit, didn’t put any additional security deposits down, didn’t put a down payment, you didn’t qualify for any special offers or credits, didn’t pay your taxes upfront, and/or you were asking for an allowance of 15,000 miles per year then $718 per month might be an amazing deal.

But if you have great credit, put multiple security deposits down, placed a down payment, you qualified for rebates / offers, prepaid all the taxes, and only wanted an allowance of 10,000 miles per year than $718 per month is a horrible deal.

These are the type of factors that matter in a lease payment. You can take a look on some of the threads here to see what type of deal people are getting based on these various factors.

And as an FYI, my MSRP is just over $63k and I’m paying $650 a month (including taxes, no money down). And a few others here managed to get even better deals than me. You can see my post history to find a post that includes all the other factors that applied to my deal.
Quote:
Originally Posted by Hysnbrg View Post
For a $62K car, if I make some assumptions, a good number based on the deal I got for my car 2 weeks ago would come to $534/month before taxes with just first month and DMV fees due at signing.

The $534 number is also without using an OL code or student/military discount, any of which can reduce this number even more.

If this car was on the lot, you could possibly aim for $507/month with first month and DMV DAS.

So without knowing anything else, I would say this is not a great deal.

Here is the calculation I used: leasehackr.com/calculator?make=BMW&miles=10000&msd=7&msrp=62000&s ales_price=55490&months=36&mf=.00145&dp=0&dealer_f ee=0&acq_fee=925&taxed_inc=0&untaxed_inc=3000&reba te=366&resP=61&reg_fee=320&sales_tax=9&demo_mileag e=0&memo=&monthlyTax_radio=true

Here are the assumptions I made:
- You have BMW loyalty ($2K incentive)
- Your region has $1000 lease cash incentive
- You negotiated 10.5% pre incentives like I did
- You received base MF, and then reduced it to 0.00110 after 7 MSDs
- You are looking at 10K miles/year
- You are custom ordering a car and not picking one off the lot
- Your region charges sales tax only on the monthly and not on the complete price of the car

I think you can do better, but depending on other factors, your deal may be good.
Got it. Thanks guys! Let me try to get those #'s from my SA. joepimentel could you please share your SA with me via PM? I am also in NYC. Thank you..
Appreciate 0
      07-24-2019, 03:39 PM   #8
Prissy
Brigadier General
Prissy's Avatar
Taiwan
1064
Rep
4,856
Posts

Drives: M340i
Join Date: Sep 2008
Location: NY

iTrader: (6)

Garage List
2015 BMW F30  [5.50]
2020 M340I  [0.00]
2017 X3  [0.00]
2008 BMW E92  [9.00]
2010 BMW E92  [10.00]
Quote:
Originally Posted by joepimentel View Post
No, lease payments are determined from more than just monthly payments relative to the MSRP.

If you had horrible credit, didn’t put any additional security deposits down, didn’t put a down payment, you didn’t qualify for any special offers or credits, didn’t pay your taxes upfront, and/or you were asking for an allowance of 15,000 miles per year then $718 per month might be an amazing deal.

But if you have great credit, put multiple security deposits down, placed a down payment, you qualified for rebates / offers, prepaid all the taxes, and only wanted an allowance of 10,000 miles per year than $718 per month is a horrible deal.

These are the type of factors that matter in a lease payment. You can take a look on some of the threads here to see what type of deal people are getting based on these various factors.

And as an FYI, my MSRP is just over $63k and I’m paying $650 a month (including taxes, no money down). And a few others here managed to get even better deals than me. You can see my post history to find a post that includes all the other factors that applied to my deal.
Sent you a message sir.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 10:00 AM.




g20
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST